IndianOil Kotak Credit Card: Benefits & Apply

Summary

The IndianOil Kotak Credit Card is specifically a fuel credit card designed to enable customers to pay for fuel at lower costs as well as availing of benefits on other spends. It is offered by Kotak Mahindra Bank in collaboration with IndianOil, making it an attractive fuel credit card for anyone who avails of fuel frequently.

For every ₹150 spent on fuel at an IndianOil petrol pump, users earn 48 IndianOil XTRAREWARDS points that can be redeemed as free fuel. Apart from that, it also provides 24 reward points per ₹150 spent on groceries and dining, which saves the cardholder some amount in his essential spending. On all other spends, users earn 12 reward points per ₹150, thus continuing the good work for every type of spend.

One of the most redeeming features of this credit card is the 1% fuel surcharge waiver on fuel transactions between ₹100 and ₹5,000 at IndianOil outlets. This helps save money from additional fuel costs thereby reducing the expense of refueling. The Tap & Pay facility of contactless payment enhances user convenience by allowing fast and secure transactions.

Introduction

IndianOil Credit Card is a very beneficial credit card for petroleum customers in India. IndianOil Credit Card is specially designed for those customers who refuel their vehicles daily and are looking to save on their fuel expenses. This partnership between IndianOil and Kotak Mahindra Bank has not only made the fuel buying experience easier but also offers a variety of great benefits.

Through the credit card, customers can earn ‘Fuel Points’ every time they buy fuel from an Indian Oil petrol pump, which they can later redeem in the form of fuel. Apart from this, through the IndianOil Credit Card, customers also get reward points on other expenses, such as online shopping, dining, and travel. IndianOil Kotak Credit Card is a very useful tool for those who refuel their vehicles regularly and are looking to save on their monthly expenses.

Its benefits mainly include a waiver of fuel surcharge, reward points, cashback offers, and special discounts on fuel purchases. Apart from this, cardholders also get many other facilities from Kotak Bank such as an emergency credit limit, online bill payment, and an easy EMI option.

In today’s article, we will discuss in detail about IndianOil Credit Card. In which we will tell you in detail about its benefits. Along with this, we will also discuss the fees for the IndianOil Credit Card in this article and will also discuss in detail how to apply for it. So read this article till the end so that you do not have any problems later.

What is the IndianOil Kotak Credit Card?

Credit Card is a special credit card offered by IndianOil and Kotak Mahindra Bank. IndianOil Credit Card is specially designed for those who refuel their vehicles regularly.

Using IndianOil Credit Card, you can earn reward points while buying fuel from IndianOil petrol pumps, which can be used to buy fuel later.

How is the IndianOil Kotak Credit Card designed?

The Credit Card is aimed to assist customers in saving money on their fuel costs as well as reap the rewards in other benefits. It is a co-branded credit card product from Kotak Mahindra Bank and IndianOil. Its major attraction feature is it rewards with points, and it’s on any amount spent on fuels from IndianOil. That earned point can be used for getting refills.

The card also offers cash back and savings on shopping, dining, and other spending categories. This card is contactless-enabled, which makes payments faster and safer. Another attractive benefit of the card is the waiver of fuel surcharges, helping reduce additional costs when charged for fuel payments.

What are the benefits of the IndianOil Kotak Credit Card?

Here are the key benefits along with real reward points:

1. Fuel Savings & Reward Points

• You earn 2.5% back as IndianOil XTRAREWARDS points when you buy fuel at IndianOil petrol pumps.

• You earn 48 reward points for every ₹150 spent on fuel.

• You can redeem these points for free fuel at IndianOil outlets.

2. Grocery & Dining Benefits

• You earn 24 reward points for every ₹150 spent on groceries and dining.

• Helps you save on shopping or dining.

3. Reward Points on Other Spending

• Earn 12 reward points for every ₹ 150 spent on all other purchases.

4. Fuel Surcharge Waiver

• Gea t 1% fuel surcharge waiver on fuel transactions between ₹ 100 and ₹5,000 at Indian Oil Outlets.

5. Contactless Payments

• Tap & Pay feature for easy and secure transactions.

6. Easy Reward Redemption

• Use your XTRAREWARDS points to earn free fuel or benefit from other rewards.

What are the fees for the IndianOil Kotak Credit Card?

Here is a simple Credit Card fee breakup.

Joining Fee	₹499 + GST (one-time fee when you get the card).
Annual Fee	₹499 = GST per year. This will be waived if you spend 50,000 or more in a year.
Add-on Card Fee	There are no charges for additional cards for family members.
Finance Charges	If you don’t pay your bill in full, 3.5% per month (42% annually) on the outstanding balance.
Cash Advance Fee	2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment Fee	For Statement Balance Less than Rs. 101 – NilRs. 101 – Rs. 500 – Rs. 150Rs. 501 – Rs. 5,000 – Rs. 500Rs. 5,001 – Rs. 20,000 – Rs. 750Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting an IndianOil Kotak Credit Card?

The following are the primary requirements:

1. You must be between 18 and 70 years old to apply for theIndianOil Credit Card.

2. The income requirement differs according to your employment status:

• Self-Employed Professionals: A minimum Annual income of Rs 2 lakhs usually does the job.

3. A secured income ensures regular, timely payments on the credit card bill. Any amount above it increases the probability of approval.

4. Your credit score plays a role in the selection process. It is a tendency for Kotak Bank to favor borrowers with a better credit score usually above 750. 

5. You must be an Indian resident and have valid address proof within the country. 

6. A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.

7. A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good consistent income. This may be your income tax returns and bank statements.

What documents are required to get an IndianOil Kotak Credit Card?

The documents that you will have to submit to Credit Card are as below:

Identity Proof	Aadhaar card, Passport, Voter ID, Driving license, PAN card
Address Proof	Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address
Income Proof	Salary slip for the last 3 months if you are a salaried employee bank statement for the last 3 months for self-employed persons
Photograph	The latest passport-sized photograph

Where can the IndianOil Kotak Credit Card be used?

Here is the list of places where you can use it:

• With the IndianOil Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.

• You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.

• You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.

• You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.

• You can use your credit card to pay electricity and water bills, mobile bills, and internet services.

• You can use your IndianOil Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).

• The IndianOil Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the IndianOil Kotak Credit Card?

The credit amount you can spend is what you are provided with an IndianOil Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another or even more, considering his/her profile and financial background.

It’s essential to follow the expenses and not exceed the credit limit because when you pass this limit then penalties get added, and your credit score also goes down.

How do you apply for an IndianOil Kotak Credit Card?

Apply it through both these modes: 

Online Application Process

• Visit the official website of the Kotak Bank, i.e. 

• Go to ‘Cards’, followed by ‘Credit Cards’.

• On that page, you can see numerous options for credit cards issued by Kotak Bank; for instance, you can choose the IndianOil Credit Card.

• Just hover your cursor on the IndianOil Credit Card, followed by selecting ‘Apply Now‘ from there.

• You will be asked to fill out your details including your name, contact information, income details, and employment status.

• Be accurate and updated with the information provided.

• You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.

• After filling out the details and uploading the documents, review your application to make sure everything is correct.

• Apply online through the application form.

• The bank will check your application after submitting it. They can ask for extra documents or information if required.

• You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process

• You can walk into the nearest Kotak Bank branch to apply for the IndianOil Credit Card.

• Request for the credit card application form for the IndianOil Credit Card. They will provide you with the form and proceed accordingly.

• Fill the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.

• Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas hotograph.

• Your application will be processed, and your information will be cross-checked at the bank level.

• In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.

• You will receive the IndianOil Credit Card by post at the same postal address.

• Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Kotak Bank Card website, or mobile app or by calling their customer service.

• For security purposes, you must set your PIN (Personal Identification Number) before you can start using your credit card.

Would getting an IndianOil Kotak Credit Card in 2025 be right?

Yes, getting an IndianOil Kotak Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility. 

Kotak Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a very good option in 2025.

Conclusion

The IndianOil Credit Card is a very good option for people who daily spend on fuel and want to save on their fuel expenses. Under the IndianOil Credit Card, you earn reward points on all fuel purchases at IndianOil petrol pumps, redeemable in the form of fuel. In addition, cardholders receive special offers and rewards on fuel surcharge discounts, online shopping, dining, and more.

The biggest feature of the credit card is that it not only saves on fuel expenses but also gives you benefits on other daily needs. IndianOil Kotak Credit Card is useful for those who travel regularly or use their vehicles a lot. Applying for an IndianOil Credit Card is also very easy.

If you are between 21 to 65 years of age and your monthly income is above a certain limit then also you may be eligible for an IndianOil Kotak Credit Card, with an added requirement that you must have a good credit score too. The application for IndianOil Credit Card can be done directly on the official website of Kotak Mahindra Bank as well as at their nearest branches.

Frequently Asked Questions (FAQ’s)